Q6: Sales Revenue for a firm is $4,000,000. The selected reporting segments of the firm should have a combined sales revenue equal to or exceeding:

Select one:

a. $5 million

b. Zero

c. $3 million

d. None of these answers

e. $2 million

Q7: After the Statement of Financial Position date (i.e., the year-end date) but before the accounts for the year in question were approved by directors, a new CEO was appointed. Would this event be classified as an adjusting event for Financial Reporting purposes?

Select one:

a. Yes

b. None of these answers

c. No